Tag (SQ): Transformational Leadership

(a) Transformational leaders have been posited to impact an organization’s culture, structure, and strategy. These types of leaders manifest themselves as change catalysts, who manipulate organizational factors with the aim of improving knowledge cycles.

Required:

Explain FOUR expectations of leaders in strategic management.

 (b) One of the criticisms levelled against the five competitive forces model is that it is static – i.e. it does not focus on the dynamic nature of the business environment. Thus, two other concepts that are proposed to deal with competition dynamics are the concepts of strategic group analysis and the cycle of competition.

Required:

Explain the concept of strategic group analysis and identify THREE examples of common strategic characteristics that define a strategic space.                                                                                                                                                                                                                                                                                                                                                                                                                                                                 (c)

Demand conditions in the home market is one of the four factors in the Porter’s Diamond Model used for analysing the international environment before formulating an international strategy. The home market determines how firms perceive, interpret and respond to buyer needs.

Required:

Explain THREE home conditions that may put pressure on firms to innovate and provide a launch pad for global ambitions.